Richfield, MN housing market
The typical Richfield home is worth about $347,000, up 1.7% in a year, close to the Minnesota typical home. Homes typically sell in 14 days, a little above asking.
Home values, sales, trends and how Richfield compares with the towns next door — updated as new data is published.
Richfield at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Richfield | Minnesota |
|---|---|---|
| 2017 | $219,000 | $217,000 |
| 2018 | $238,000 | $232,000 |
| 2019 | $256,000 | $246,000 |
| 2020 | $268,000 | $259,000 |
| 2021 | $289,000 | $282,000 |
| 2022 | $311,000 | $313,000 |
| 2023 | $321,000 | $325,000 |
| 2024 | $331,000 | $331,000 |
| 2025 | $338,000 | $341,000 |
| 2026 | $348,000 | $349,000 |
| August 2026 | $347,000 | $351,000 |
Richfield and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Richfield | $347K | +1.7% | 14 | $85,132 |
| Minneapolis | $329K | +0.6% | 20 | $80,846 |
| Bloomington | $362K | +1.3% | 18 | $93,211 |
| Edina | $626K | +4.1% | 30 | $128,767 |
4.1 years of income
The typical Richfield home costs about 4.1 years of the town's median household income, about the same as across Minnesota (3.9).
How Richfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.